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120 East 7th Street

Chen Nail Salon Leases Retail Space At 120 East 7th Street In New York City With Brokers From Meridian Retail Leasing
LEASEDRetail

Chen Nail Salon Leases Retail Space At 120 East 7th Street In New York City With Brokers From Meridian Retail Leasing

120 East 7th Street

$82

$82/SF

Building Size

700 SF

Asset Type

Retail

Closing

Dec 12, 2022

AI

A retail property at 120 East 7th Street in New York City has been leased. The tenant, Chen Nail Salon, has secured the space for an asking rent of $82 per square foot. The leased area spans 700 square feet.

Summary of transaction details

  • Property Type: Retail
  • Tenant: Chen Nail Salon
  • Asking Rent: $82 per square foot
  • Square footage: 700
  • Address: 120 East 7th Street
  • Market: New York City

The leasing transaction was facilitated by the brokerage team from Meridian Retail Leasing. The team included Ben Biberaj, Ben Howard, and Jonathan Goldberg. They represented Chen Nail Salon in securing this retail space at 120 East 7th Street in New York City.

Players

Ben Biberaj

IPRG Retail Leasing

Broker

$26.2M

vol

192 deals

Broker

New York Retail Market Snapshot

Boundary boundary · Retail · Lease transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

193451.22%

Cash-on-Cash

-55288.95%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93